If Akon’s plans go through, we might have a real-life Wakanda on planet Earth.
On Monday (25th June), while speaking at the Cannes Lions Festival, he revealed his plans to release a new cryptocurrency named after himself called the AKoin. He believes that the cryptocurrency will be “the saviour of Africa”.
On Akoin’s official website, Akon also unveils plans to have a “crypto city” in Senegal. Aside from being established as a stable currency alternative throughout Africa, the AKoin will also be at “the center of transactional life” in “Akon Crypto City”.
The city is described as a “leading Smart City” with “a blank canvas for cryptonising our daily human and business exchanges, with the goal of inventing a radical new way of existence”.
It will be a real-life Wakanda in the sense that it has a “futuristic environment”. It will also contain everything from residential to retails, parks, stadium, light manufacturing, universities, and schools.
The AKoin system will also see consumers buy, hold, and spend cryptocurrency straight from a smartphone app.
“It brings the power back to the people and brings the security back into the currency system. It also allows the people to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down,” Akon explained.
However, the singer-songwriter admitted that he didn’t know the technical aspects of his new venture. “I come with the concepts and let the geeks figure it out,” he was quoted as saying.